Hotel · Cordova, Tennessee
Hgi Memphis Wolfchase Galleria
Hgi Memphis Wolfchase Galleria is financed with a $10.5M CMBS loan at 4.76% that reaches maturity on July 11, 2027, in 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $10,535,809
- Original balance (same notes)
- $13,720,000
- Interest rate
- 4.76% fixed
- Originated
- July 5, 2017
- Maturity
- July 11, 2027
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- April 10, 2027
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred May 20, 2020, returned August 19, 2022
- Workout strategy
- Resolved
- Modified
- Yes, most recently June 27, 2022
- Defeasance
- None reported
The property
- Address
- 7955 Ikea Way, Cordova, TN 38016
- Metro
- Memphis, TN-MS-AR
- Units, rooms or beds
- 124
- Built
- 2015
- Value at securitization
- $19.6M (Apr 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.02x | 1.49x |
| Occupancy | 82% | 76% |
| Net operating income | $1.9M | $1.4M |
| Debt yield | 13.3% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the BANK 2017-BNK7 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
- Modified
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 82% when the loan was securitized to 76%.
- Net operating income is 26% below the underwritten figure ($1.4M a year against $1.9M).
- Debt service coverage moved from 2.02x at securitization to 1.49x on the latest statements.
- The most recent valuation in the filing is $21.0M (March 1, 2022), against $19.6M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.5M | Current | No | 1.49x | 76% |
| August 2026 | $10.6M | Current | No | 1.49x | 76% |
| July 2026 | $10.6M | Current | No | 1.49x | 76% |
| June 2026 | $10.6M | Current | No | 1.49x | 76% |
| May 2026 | $10.7M | Current | No | 1.25x | 72% |
| April 2026 | $10.7M | Current | No | 1.25x | 72% |
| March 2026 | $10.7M | Current | No | 1.25x | 72% |
| February 2026 | $10.8M | Current | No | 0.76x | 66% |
| January 2026 | $10.8M | Current | No | 0.76x | 66% |
| December 2025 | $10.9M | Current | No | 0.76x | 66% |
| November 2025 | $10.9M | Current | No | 0.76x | 66% |
| October 2025 | $10.9M | Current | No | 0.76x | 66% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Special-servicing history
- Transferred to the special servicer May 20, 2020, returned to the master servicer August 19, 2022.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2017-BNK7 | 23 | $10,535,809 | Sep 2026 | SEC filing, September 29, 2026 |
Other Memphis loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| International Paper Global Hq | Memphis, TN | Office | $35.5M | 4.74% | Jan 2027 | 1.99x | 100% | Current |
| Frayser Village | Memphis, TN | Retail | $10.7M | 4.185% | Feb 2027 | n/a | n/a | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.